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JPMorgan Chase I received an offer to work as an associate for JP Morgan Chase in their CCB department. I know a credit check will be coming and my credit score is around 620. I have 35k credit cards + personal loan debt and 46k student loan debt. Will my offer be rescind because of my debts? I have no derogatory remarks and always pay the bill on time. Thank you for your help.
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Has anyone gone to an estate sale in the city?
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Hello PwC IFS bowl 👋🏽
Hi folks,What is the wfh situation in fidelity?
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As long as you aren’t paying any interest, then you’re paying it off every month, no matter if you payoff at once or multiple smaller payments.
I rarely use more than 1% of my credit. I have no dependents and live with my parents to save money so my expenses are low. Whenever I check credit karma is says the only thing bringing me down is a short credit history.
Talk to a morgage lender. I was playing games with my score for years trying to get in a better spot. I applied through a morgage lender and they pulled my credit and walked me through exactly what I needed to do. I bought a house a year later.
One of the credit tricks, in my experience, has been finding out when your credit card reports to the bureaus. If they report monthly before your statement closes, then you likely show a balance and that impacts your credit utilization number.
So even if you pay them in full, you’ll always have a higher percentage utilization. I started making payments in full before the reporting dates and my utilization now reflects lower credit utilization, which in turn helps my score.
FWIW my score fluctuates between 815-845 depending on the bureau. Also, scores 780ish and above generally qualify for the same interest rate (we just bought a house with a jumbo loan and they said their highest threshold for best rates was 780)
As long as you pay your balance in full before the credit statement date, then you’ll show no balance on the next statement thus having zero CC debt reported thus having a high score! Sounds like you are doing all of this now though
I'm doing this as well. When they pulled my credit, it said I had a balance. Since I charge everything on that one card it was large. When they do the math, I think it will count in your debt to income ratio. I did tell them I pay it off every month, but technically I could not at any time and carry the debt.
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For almost all lenders, anything above a 780 will get you the best rates they offer. No need to aim for perfection
Use myFICO to check your score instead. In addition to it providing your scores from all three bureaus, it tells you what your score is for a mortgage, credit card, auto loan. Etc. and yes the numbers are all different. So you may have a certain overall score but the score used by banks for a mortgage may be slightly less or even higher.